US home purchases by foreign buyers dropped a staggering 36 percent between April 2018 and March, from $121 billion to $77.9 billion, according to a new report from the National Association of Realtors. The slowdown included home purchases made by both nonresident foreigners and recent immigrants or visa holders, and was evident across the board: US real estate purchases by citizens of Canada, China, Mexico, India, and Britain were all down from a year ago. But the drop in Chinese buyers was the most dramatic, plunging 56 percent: from $30.4 billion in 2018 (and $31.7 billion the year prior) to $13.4 billion. And while Massachusetts isn’t among the top overall states for international buyers — Florida leads the nation, as a vacation-home haven for Canadians and Britons — it does rank as the fourth most popular state for Chinese buyers, who spend an average of $674,900 on US homes. “Boston has always been a primary market of interest for Chinese buyers and … [Read more...] about Foreigner buyers reportedly have cooled on Boston real estate
India real estate market
By Brittany De Lea Published July 17, 2019 Economic Indicators FOXBusiness Facebook Twitter Comments Print video Real estate market in Miami gives clues about US economy FOX Business’ Connell McShane talks to DeBianchi Real Estate’s Sam DeBianchi about the real estate market in Miami. U.S. homebuyers haven’t been overly enthusiastic about jumping into the housing market – despite a strong U.S. economy – but some foreign investors are still zeroing in on opportunities in certain states. Continue Reading Below Overall foreign investment in U.S. residential real estate declined between April 2018 and March 2019, but China and Canada topped the list of non-domestic buyers, according to a new survey from the National Association of Realtors (NAR). MORE FROM FOXBUSINESS.COM... MANSON FAMILY MURDER HOUSE IN LOS ANGELES UP FOR SALE AMERICANS FAVOR REAL ESTATE OVER STOCKS FOR LONG-TERM INVESTMENT, ANALYSIS … [Read more...] about The hottest US states for foreign real estate investors
Who’s on the move today? Grit Real Estate Income Grit Real Estate Income Group, a leading pan-African real estate company, has appointed Sir Samuel Esson Jonah as an independent non-executive director. Jonah, aged 69, is one of Africa’s leading businessmen and internationally recognised as a leading business executive. He is currently executive chairman of Jonah Capital Limited, an investment holding company in South Africa, and is former executive president of Anglogold Ashanti. Born and educated in Ghana, he obtained a Master’s degree in management from Imperial College, London in 1977, following which he worked for Ashanti Goldfields and became chief executive in 1986, overseeing its growth into a multinational company. An honorary knighthood was conferred on him by the Queen in 2003, and in 2006 he was awarded Ghana’s highest national award, the Companion of the Order of the Star. Currently, Jonah serves on the boards of various public and private companies, … [Read more...] about City Moves for 25 February – who’s switching jobs at Grit Real Estate Income, S4 Capital and Beaufort Investment?
An underutilized wealth building strategy that's right under your nose. Tucker Ferwerda Published 6:30 am CST, Thursday, February 21, 2019 Photo: Aramyan | Getty Images Photo: Aramyan | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Aramyan | Getty Images Real Estate Investors are Missing Out on a Major Source of Passive Income 1 / 1 Back to Gallery With the cost of housing rising and people buying fewer homes, it’s important to plan ahead. Real estate investors need to anticipate the next potential market change and start thinking of new potential passive income streams. To date, I’ve asked more than 831 real estate investors, through social media posts … [Read more...] about Real Estate Investors are Missing Out on a Major Source of Passive Income
By Swati Bhat MUMBAI (Reuters) - India's cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector. The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off. Developers more recently have been hit by a credit squeeze as banks struggle with bad debts and a crunch in the shadow banking sector. Private equity firms are now swooping in to buy assets at attractive valuations, say industry insiders, as regulatory changes and a more dovish monetary policy outlook bode well for the sector. "With major impetus being given to affordable housing ... PE investors are sensing a big opportunity in this segment," said Anuj Puri, chairman at Anarock, a real estate consultancy firm. "The expected 8-10 percent annual return in the affordable segment of residential real estate is attracting not just … [Read more...] about Private equity firms eye bonanza in India’s residential real estate space